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| | | ... administration fee by 50%, while direct expense recovery fees will lower by 36%. They will also see at least a 2% reduction on insurance premiums. Mine Super and TWUSUPER signed a successor fund transfer deed in September 2023. The merger experienced ... |
| | | | ... is to use downside protection derivatives, which does pay off when markets fall. But since this involves paying for insurance, the upside is smaller too. State Super employs several strategies to lessen volatility without compromising returns, one being ... |
| | | | ... joins from Export Finance Australia, where he also served as head of risk. Arabatzis brings over 30 years of banking and insurance experience covering enterprise risk management, risk transformation, credit and market risk, governance, relationship management ... |
| | | | ... increasingly will need." Jones pointed to recent failings in the super sector, particularly when it comes to delayed insurance claims - which he said is "just not good enough". "People are going to look at their superannuation fund in exactly the same ... |
| | | | ... APRA and ASIC through industry reviews and enforcement actions. "This includes a focus on retirement income delivery, insurance claims handling, investment governance and trustee governance. Funds must ensure that they are meeting regulatory expectations ... |
| | | | ... $1 billion of merger, divestment, and acquisition activity. Divestments included the sale of its pharmacy and general insurance businesses, the $155.5 million offload of Grand United Corporate Health to nib, and, most recently, the handover of Australian ... |
| | | | ... track, Grattan said more of the value of the family home should be included in the Age Pension assets test, and default insurance through super should be reviewed, including assessing whether default insurance cover should be provided outside of super. ... |
| | | | MLC Life has recruited a new general manager to help drive growth in the individual life insurance segment. Imran Lalani has been appointed general manager of emerging individual markets. He joins MLC Life Insurance with extensive experience in leadership ... |
| | | | Australian Retirement Trust has appointed the interim head of insurance to the job permanently. Matthew Finney is now chief executive of ART Life, an APRA-regulated insurance entity and a wholly owned subsidiary of the superannuation giant. Finney was ... |
| | | | ... and that's at some point over the next decade, or a bit more," McHugh said. "So, then they'll look a lot more like insurance companies, but actually they already look a lot more like alternatives managers and asset managers. So, there is a need for ... |
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